Groupon (GRPN) Announces $244 Million Financing Transaction

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Groupon Announces $244 Million Financing Transaction

June 18, 2025 7:32 AM EDT

Chicago, Illinois--(Newsfile Corp. - June 18, 2025) - Groupon, Inc. (NASDAQ: GRPN) announced that it has entered into privately negotiated agreements with certain of the holders (the "Offering Participants") of its existing (a) 1.125% Convertible Senior Notes due 2026 (the "2026 Notes") and (b) 6.25% Convertible Senior Secured Notes due 2027 (the "2027 Notes") to (i) exchange an aggregate principal amount of $20,000,000 of 2026 Notes for an aggregate principal amount of $20,000,000 newly issued series of 4.875% Convertible Senior Notes due 2030 (the "2030 Notes") and (ii) exchange an aggregate principal amount of $150,000,000 of 2027 Notes for an aggregate principal amount of $224,071,000 2030 Notes (such... More